Polymarket Leases Office Space Expanding To 12,700 Square Feet At 78 Crosby Street
78 Crosby Street
$85
$85/SF
Building Size
12,700 SF
Asset Type
Office
Closing
Aug 7, 2026
AI
The property at 78 Crosby Street is an office asset located in Manhattan. The lease involved an asking rent of $85 per square foot, with the tenant, Polymarket, expanding its space to a total of 12,700 square feet. This includes the addition of the fifth floor to its existing fourth-floor space.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $85/ft.
- Address: 78 Crosby Street
- Market: Manhattan
- Size: 12,700 square feet
- Landlord: Milkystar
- Tenant: Shayne Coplan - Polymarket
- Landlord's Representative: Nicholas Judson, Wendy Mcdonald & Crosby Matthews - Judson CRE
- Tenant's Representative: Emilie Goldman - JLL
This lease transaction highlights key representatives facilitating the agreement, including Nicholas Judson, Wendy Mcdonald, and Crosby Matthews of Judson CRE representing the landlord, and Emilie Goldman from JLL acting on behalf of the tenant, Shayne Coplan of Polymarket.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
186623.53%
Cash-on-Cash
-53337.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93